Latest news with #MumbaiRailwayVikasCorporation
Time of India
5 days ago
- Business
- Time of India
City's suburban rail network set for 52k cr infra upgrade
Mumbai: Over Rs 52,000 crore is being invested in Mumbai's suburban rail network to ease congestion, improve connectivity, and cater to the city's growing commuter base. The upgrades, sanctioned under three phases — MUTP-II (Rs 8,087 crore), MUTP-III (Rs 10,947 crore), and MUTP-IIIA (Rs 33,690 crore) — cover new lines, enhanced infrastructure, and procurement of additional rakes. In a written reply to the Rajya Sabha, railway minister Ashwini Vaishnaw stated that the works are being executed by Mumbai Railway Vikas Corporation (MRVC), a joint venture of the Ministry of Railways and the Maharashtra govt, on a 50:50 cost-sharing basis. He listed key projects under MUTP-III, including the Panvel–Karjat suburban corridor, quadrupling of tracks on the Virar–Dahanu stretch, the elevated Airoli–Kalwa link, and procurement of new rakes. Measures to prevent track trespassing are also part of the plan. Work is also underway on the Churchgate–Virar section for major multi-tracking. Once complete, the corridor will have four lines between Churchgate and Mumbai Central, eight lines between Mumbai Central and Borivli, and six lines between Borivli and Virar. On the Central Railway side, the 5th and 6th lines between CSMT and Kurla have been sanctioned, with civil works underway between Kurla and Parel. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Two lines already connect CSMT with Panvel via Kurla and Vasai. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The Rs 33,690 crore MUTP-IIIA also includes the 5th and 6th lines between Borivali and Virar, the 3rd and 4th lines between Kalyan and Badlapur, and the procurement of 238 new 12-car trains sanctioned at a cost of Rs 19,293 crore to increase frequency and reduce overcrowding. Railway officials said they are also proactively supporting metro integration whenever approached. Separately, 132 stations in Maharashtra have been identified under the Amrit Bharat Station Scheme.
Time of India
27-06-2025
- Business
- Time of India
Roadmap for MUTP-IV to boost commuter safety & connectivity
Mumbai: The Mumbai Railway Vikas Corporation (MRVC) has set the ball rolling for a comprehensive technical study to define the blueprint for the fourth phase of the Mumbai Urban Transport Project (MUTP-IV). The goal is to boost safety, expand network capacity, and modernise the city's vital suburban rail system. Mumbai's suburban rail spans 385km across three Central Railway corridors — including the Harbour Line — and one Western Railway corridor. With MUTP-I completed, MUTP-II nearing conclusion, and MUTP-III and IIIA underway, MRVC is setting the stage for a long-term upgrade aligned with its "Mission Zero Death" initiative. The study, to be carried out by a consultant selected via competitive bidding, will draft Detailed Project Reports (DPRs) for selected schemes and evaluate their financial and operational viability. The consultant will also examine international best practices in suburban transport planning. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai A key focus is forecasting travel demand up to 2047, identifying new corridors, and decongesting existing ones. The feasibility of interoperable train services between Central and Western Railways — aimed at seamless east-west connectivity across the Mumbai Metropolitan Region — will also be assessed. To ease overcrowding, the study will simulate the deployment of 12- and 15-car rakes, explore faster rake acceleration, and recommend signalling upgrades such as Kavach 5.0 to reduce headways. Increasing the number of air-conditioned EMUs is also on the agenda to improve commuter comfort and drive a shift from road to rail. With around 2,500 annual fatalities on the suburban network due to falls, trespassing, and poor station access, the study will recommend interventions such as access control, improved pedestrian movement, and upgraded station infrastructure. Station improvements are a major component. While 17 stations are already being redeveloped under MUTP-IIIA, nearly 40 more are under review for upgrades, including platform extensions, new FOBs, escalators, lifts, and better intermodal connectivity within a 300-metre radius. MRVC chairman and Managing Director Vilas Wadekar said, "Under MUTP Phase IV, MRVC aims to take a transformative leap towards a safer, smarter, and more resilient urban transport ecosystem. Our vision is anchored in achieving 'Mission Zero Death', eliminating monsoon disruptions, and expanding network coverage to growth centres like the Third Mumbai area."
Mint
26-06-2025
- Business
- Mint
Texmaco Rail share price: Railway stock jumps 9% after THIS order worth ₹535 crore
Texmaco Rail share price surged by nearly 9% during Thursday's trading session following the company's acquisition of a ₹ 535.6-crore contract from a firm located in central Africa for the supply and maintenance of over 1,600 freight wagons intended for bauxite transport. As per the agreement with CAMALCO SA from Cameroon, Texmaco will be responsible for the design, construction, and comprehensive maintenance of more than 1,600 open-top freight wagons, as indicated in a statement. According to Texmaco's Vice-Chairman Indrajit Mookerjee, the agreement aligns with India's 'Make for World' initiative, while Managing Director Sudipta Mukherjee emphasized that it showcases the manufacturing capabilities of the nation. Rana Pratap Singh, CEO of CAMALCO, mentioned that this collaboration contributes to the development of infrastructure in Cameroon. Company representatives stated that the contract enhances Texmaco's order backlog to ₹ 7,820 crore, solidifying its presence in both African and global markets. On June 10, the Mumbai Railway Vikas Corporation granted a contract worth ₹ 44.04 crore to the company for the supply, construction, installation, testing, and commissioning of traction transformers, SPs, and related works for the 3rd and 4th lines of the Central Railway. On June 3, the Mumbai Railway Vikas Corporation awarded a contract totaling ₹ 122.31 crore to the company for the design, supply, construction, installation, testing, and commissioning of traction transformers and related work for the Western Railway, which is to be completed within 30 months. Texmaco Rail share price today opened at ₹ 185.05 apiece on the BSE, the stock touched an intraday high of ₹ 189 apiece, and an intraday low of ₹ 181.55 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Texmaco Rail share price opened with a strong gap-up, decisively surpassing its recent swing high. While some profit booking emerged from the intraday highs, the price still holds firm gains of over 5%. The bullish gap near the 200-day moving average around ₹ 175 now acts as immediate support. On the upside, the rally could extend towards the ₹ 200 mark. Additionally, the RSI remains in the positive territory, reinforcing the bullish momentum and supporting the possibility of further upside.
Business Standard
11-06-2025
- Business
- Business Standard
Texmaco Rail rises after securing Rs 44-cr order from MRVC
Texmaco Rail & Engineering rose 2.19% to Rs 182.05 after the company announced that it has received an order worth Rs 44.04 crore from Mumbai Railway Vikas Corporation (MRVC). The contract involves the supply, construction, installation, testing, and commissioning of traction transformers, sectioning posts (SPs), and associated works for the third and fourth lines of the Central Railway. The project, encompassing a 1X25 kV 110/25 kV traction substation (TSS) with 40/56 MVA AC traction transformers and two sectioning posts, is slated for completion within 18 months. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company has reported a 13.5% decline in consolidated net profit to Rs 39 crore despite a 17.6% rise in revenue from operations to Rs 1,346 crore in Q4 FY25 as compared with Q4 FY24.
Business Standard
03-06-2025
- Business
- Business Standard
Texmaco Rail bags Rs 122-cr order from MRVC
Texmaco Rail & Engineering said that it has received an order worth Rs 122.31 crore from Mumbai Railway Vikas Corporation (MRVC). The order is for the design, supply, construction, installation, testing, and commissioning of traction transformers and associated works for Western Railway. The project is scheduled to be executed within 30 months. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company has reported 13.5% decline in consolidated net profit to Rs 39 crore despite a 17.6% rise in revenue from operations to Rs 1,346 crore in Q4 FY25 as compared with Q4 FY24. Shares of Texmaco Rail & Engineering shed 0.43% to Rs 160.80 on the BSE.
